PagerDuty (NYSE:PD) Updates Q3 2027 Earnings Guidance

PagerDuty (NYSE:PD) updated its third quarter 2027 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.340-0.360 for the period, compared to the consensus estimate of 0.310. The company issued revenue guidance of $123.0 million-$125.0 million, compared to the consensus revenue estimate of $124.2 million. PagerDuty also updated its FY 2027 guidance to 1.330-1.370 EPS.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen downgraded PagerDuty from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Canaccord Genuity Group lifted their target price on PagerDuty from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Morgan Stanley lowered shares of PagerDuty from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $10.00 to $9.00 in a research note on Tuesday, July 21st. TD Cowen restated a “buy” rating on shares of PagerDuty in a research report on Wednesday. Finally, Weiss Ratings raised shares of PagerDuty from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $12.28.

PagerDuty Price Performance

Shares of PD traded up $0.47 during trading hours on Thursday, hitting $12.66. 1,729,692 shares of the company were exchanged, compared to its average volume of 2,459,784. The firm has a fifty day simple moving average of $10.49 and a 200-day simple moving average of $8.37. The company has a market capitalization of $976.30 million, a PE ratio of 6.21, a PEG ratio of 3.14 and a beta of 0.93. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.95 and a quick ratio of 1.95. PagerDuty has a one year low of $5.70 and a one year high of $17.29.

PagerDuty (NYSE:PD) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. PagerDuty had a return on equity of 18.20% and a net margin of 38.60%.The business had revenue of $124.44 million during the quarter, compared to analyst estimates of $123.27 million. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. As a group, sell-side analysts predict that PagerDuty will post 0.58 earnings per share for the current year.

PagerDuty announced that its board has initiated a share repurchase program on Thursday, May 28th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 16.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On PagerDuty

A number of hedge funds and other institutional investors have recently made changes to their positions in PD. Ameriprise Financial Inc. raised its position in PagerDuty by 333.2% during the third quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company’s stock valued at $23,961,000 after acquiring an additional 1,115,577 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in PagerDuty in the third quarter worth $13,710,000. Danske Bank A S acquired a new position in PagerDuty during the third quarter worth $13,271,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of PagerDuty in the fourth quarter worth about $9,910,000. Finally, Two Sigma Investments LP boosted its position in PagerDuty by 184.1% during the third quarter. Two Sigma Investments LP now owns 855,831 shares of the company’s stock worth $14,138,000 after purchasing an additional 554,611 shares during the period. 97.26% of the stock is owned by hedge funds and other institutional investors.

PagerDuty Company Profile

PagerDuty, Inc engages in the operation of a digital operations management platform in the United States and internationally. The company’s digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage machine learning to correlate, process, and predict opportunities and issues. Its platform includes PagerDuty Incident Management that provides a real-time view across the status of a digital service while incorporating noise reduction to remove false positives; AIOps that applies machine learning to correlate and automate the identification of incidents from billions of events; Process Automation offers centralized design time and run time environment for orchestrating automated workflows that span across departments, technologies, and networks; Customer Service Operations, which is offered to orchestrate, automate, and scale responses to customer impacting issues.